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Wednesday, April 2, 2008

Sweet Leaf Tea Raises $18M

Austin-based Sweet Leaf Tea, which makes ready-to-drink iced teas, said this morning that it has raised $18M in a round of growth capital. The firm said the funding, which is its largest to date, came from private equity firm Catterton Partners. Michael Farello, a partner at Catterton Partners will join Sweet Leaf Tea's board of directors as part of the funding. More information »